Shell 'wins' Iraq gas contract
Oil giant Shell has recently won the Big Oil race to become the first major oil company to gain access to Iraq's energy sector since the 1970s. With no competitive bidding process, the Dutch-British multinational has 'won' a $4bn contract to process and market natural gas with the South Gas Company in Basra.
The deal has been conducted in secret, leaving important information about the terms and authorship unknown. This secrecy has meant the contract was not subject to any public scrutiny or debate...cont'd
http://www.corporatewatch.org/?lid=3145--------
Dec. 2008
The current military strategy employed by U.S. forces in Iraq seeks to create a secure environment in which Iraqis can resolve core political differences. However, it remains to be seen whether proposed oil and gas legislation will promote reconciliation or contribute to deeper political tension. U.S. policymakers and Members of Congress thus face difficult choices with regard to encouraging consideration of the proposed legislation, related constitutional reforms, and oil and natural gas development, while attempting to ensure that the content of proposed laws, amendments, and contracts reflect compromises reached by and acceptable to Iraqis. This report reviews proposed legislation and contracts, analyzes the positions of various Iraqi political actors, and discusses potential implications for U.S. foreign policy goals in Iraq.
http://opencrs.com/document/RL34064------